Oriental Bank of Commerce Recurring Deposit rates

Find the Best Rates for an Oriental Bank of Commerce Recurring Deposit

The regular Recurring Deposit scheme offered by the Oriental Bank of Commerce is known as the Progressive Deposit General. The minimum monthly installment applicable on these deposits is 10 rupees and it can be increased by the multiples of 10. The tenure for Oriental Bank of Commerce RD account ranges from 6 months-120 months. The interest rate provided by OBC is highly competitive and it is based on the tenure and the amount of deposit maintained by the depositor. Senior citizens are provided with an additional interest rate of 0.5% over the standard interest rate offered. Customers can also apply for joint RD account with OBC. The depositors can enjoy loan facilities for up to 95% of the total money accumulated in the RD account.

Tenure

Interest Rate Below 1 Crore

1 Crore and up to 10 Crores

Above 10 Crores

180 days to 269 days

6.50%

5.31%

5.31%

270 Days to less than 1 year

6.75%

5.31%

5.31%

1 year to less than 2 year

6.85%

5.31%

5.31%

2 Years to less than 3 year

6.50%

5.31%

5.31%

3 Years to less than 5 Years

6.50%

5.31%

5.31%

5 Years to 10 years

6.50%

5.31%

5.31%

Oriental Bank of Commerce - Short Term RD Interest Rates

Individuals can open RD accounts with tenures ranging from 6 months-1 years. The interest rate applicable to these deposit accounts is shown below. Similar interest rate is also applicable on the OBC NRO deposit accounts.

For Recurring Deposit Amounts lesser than Rs. 1 Crore:

For OBC Recurring Deposit accounts with tenure ranging from 6 months-1 years, the interest rate applicable is 7.25%

For Recurring Deposits of Rs. 1 Crore and up to Rs. 10 Crores:

The interest rate applicable on RD accounts with tenure ranging from 6 months-1 year is 7.16%

For Recurring Deposits of Above Rs. 10 Crores:

For an RD account with tenure varying from 6 months-1 year is 7.16%

Oriental Bank of Commerce - Medium and Long Term RD Interest Rates

Medium and long-term RD is available for OBC RD accounts with tenures ranging from 1-10 years. Interest rates applicable to the medium and long-term RD accounts are also applicable on the OBC NRO accounts

For Recurring Deposit Amounts lesser than Rs. 1 Crore:

For RD accounts with tenures ranging from -2 years, the interest rate applicable is 7.75% and for RD accounts with tenures ranging from 2-10 years, the interest rate applicable is 7.5%

For Recurring Deposits of Rs. 1 Crore and up to Rs. 10 Crores:

The interest rate applicable on the RD accounts with tenures ranging from 1-2 years is 7.16%. For an RD account with tenure ranging from 2-10 years, the interest rate applicable is 7%

For Recurring Deposits of Above Rs. 10 Crores:

For RD account with tenure ranging from 1-2 years, the interest rate applicable is 7.16% and the interest rate applicable on RD accounts with tenures ranging from 2-10 years is 7%

Senior citizens can enjoy preferential interest rates. Senior citizens can avail an additional interest rate of 0.5% per annum for deposits amounting to less than one crore. For deposits exceeding one crore, additional interest rates for senior citizens are not applicable.

For Recurring Deposit Amounts lesser than Rs. 1 Crore:

The interest rate applicable on recurring deposit account with tenures ranging from 6 months-2 years is 7.75%. For an RD account with tenure ranging from 2-10 years, the interest rate applicable is 8%

Tenure

Senior Citizen Interest Rate Below 1 Crore

180 days to 269 days

7.00%

270 Days to less than 1 year

7.00%

1 year to less than 2 year

7.15%

2 Years to less than 3 year

7.00%

3 Years to less than 5 Years

7.00%

5 Years to 10 years

7.00%

Oriental Bank of Commerce - NRE Recurring Deposit Interest Rates

The interest rate offered by the Oriental Bank of Commerce for deposits amounting to less than a crore and for a tenure of 1-2 years is 7.75%. For tenures ranging from 2-10 years, the interest rate applicable is 7.5%

Tenure

NRE rates

1 year to less than 2 year

7.15%

2 Years to less than 3 year

7.00%

3 Years to less than 5 Years

7.00%

5 Years to 10 years

7.00%

NRO Recurring Deposit Interest Rates

For NRO Recurring Deposit Amounts of Rs. 1 Crore and up to Rs. 10 Crores:

The interest rate offered for NRO RD accounts with tenures ranging from 1-2 years is 7.25% and for NRO RD accounts whose tenure ranges from 2-10 years, the interest rate offered is 7%

For NRO Recurring Deposits of Above Rs. 10 Crores:

For NRO RD accounts with tenures ranging from 1-10 years, the interest rate offered is 7%